A fifth of smaller UK firms ‘will run out of cash’: How do you survive a cash flow crisis?
The global business and financial landscape has been rocked by the impact of the COVID-19 crisis, with many businesses facing uncertainty about cash flow as a result. Earlier this month the BBC cited research that suggested between 800,000 and a million firms nationwide may soon have to close, that equates to a fifth of small and medium-sized businesses in the UK.
On the 16th of April, the EOA and expert guest speakers will be sharing advice for businesses facing a cash flow crisis in the latest EOA Better Together Webinar. Included in the advice shared will be four key cash preservation strategies to help maintain the best cash balance possible while trading in these difficult times.
Attendees of the webinar will hear practical and actionable ideas as well as tools to quickly reinvent their business to tackle changing circumstances, fully engage team members, generate cash and increase their businesses chance of surviving.
Deb Oxley, CEO of the Employee Ownership Association will be joined by Arend Welmers, CEO of Ninety Day and Jess Coles, CEO of Emerson Nash; experts in business transformation and financial management under crisis. Find out more about each of the guest speakers in the short biographies below.
If you would like to attend, register for your place on this webinar by clicking here and entering your details.
The EOA is recording the full series of Better Together Webinars and making them available for all to view after the event, you can find a full list of all previous webinars on the COVID-19 Information Hub as well as information on upcoming webinars.
Arend is the UK and Europe’s leading practitioner of Ownership Thinking and is CEO of Ninety-Days Ltd, a consulting and coaching practice that produces measurable returns on investment whilst leveraging the power of your people to rapidly and sustainably improve your organisation’s performance. Arend is also an EOA member and regularly chairs, speaks and exhibits at the EOA annual Conference and events.
Jess is an experienced Chief Financial Officer who has managed a variety of businesses during both good and difficult times. He learned about managing cashflow during the 2008 downturn and the years that followed. His experience also includes overseeing the turnaround of a large business which was on the brink of failure and supporting an international business through a CVA process.